Taiwan’s exports may have declined for the fifth consecutive month in January, amid fears of a global recession, the fallout from the Russia-Ukraine war, and the COVID situation in China that affected technology demand, according to a Reuters poll.
Taiwan was a major global chip manufacturing hub, a major supplier to Apple Inc., and one of the leading exporters of technology goods.
The exports were predicted to shrink 20% in January from the previous year, faster than the 12.1% annual contraction that happened in December, as shown by 18 analysts in a Reuters poll.
The consumer price index is expected to increase 2.69% in January, higher than the previous year, but slower than the 2.71% annual rate in December, according to the poll.
